ETH tests 1800 down again, why has it weakened in the short term? What to do at this moment?
Answer: I need to travel through time to find answers for my brothers. "In the short term, the capital market and next week's U.S. stocks may react, everyone be careful!" This was my market prediction made at the end of April 26, exactly a week ago. Let's verify it!
1. On April 27, ETH hit a low of 1781, on April 28, ETH hit a low of 1744, on April 29, ETH hit a low of 1780, on April 30, ETH plummeted to 1730, on May 1 it was 1792, on May 2 it was 1813, on May 3 it was 1810, and now there are signs of turning down again.
2. The cryptocurrency market has been consistently weak this week, almost every day confirming my prediction from a week ago. Even during the earnings week of U.S. stocks, which exceeded expectations, it still did not bring a boost to the cryptocurrency market, until the last two days when U.S. pension funds entered the stock market at the end of the month, indirectly providing a slight lift to the cryptocurrency market.
3. Currently, there are three main factors affecting cryptocurrency prices: Trump, Powell, and the main forces building positions.
On April 26, my tweet had nearly 200,000 views. I only mentioned the two most critical predictive bases without any nonsense:
(1) Trump.
(2) The main force Sun. Sun is the main force with a keen sense and insider information; you only need to pay attention to his specific actions, don’t just listen to him talk. On the same day, he transferred a large amount of Bitcoin to Binance, which definitely wasn't just for fun.
4. Currently, from the main force data and market sentiment, it is comprehensively judged that there is no willingness for any upward movement in the market, so don’t hastily go long! We need to wait until Powell finishes speaking before there will be a new direction. Brothers, be patient and wait!
#加密市场反弹 #币安Alpha上新 #加密市场下跌 $ETH
May 4, 2025 "Crypto 24" Issue 65